BlogJan 31, 2020

Benchmarking: How to definitively prove ROI

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Yeah… but does it affect the bottom line?

Attempting to lower energy costs can often feel like a nebulous pursuit, with no consistent way to know if any individual energy reduction project is producing the intended cost savings. Many solutions love to brag about how they can pay themselves off in no time at all, or how they can save you a certain amount of money over time.

But how to prove this? Promises of ROI and savings are meaningless unless they can be reflected in your utility bills. At the end of the day, a utility bill is received and must be paid, and unless savings can be demonstrated through those bills, the success of failure of any energy reduction project will remain a mystery.

The B word.

This is where benchmarking comes in. This is the first step in understanding your building’s energy consumption and costs. Once an energy baseline is established, you can measure how your building does moving forward, using YOY or project-based comparisons to understand how a particular project affects your building’s energy usage.

At EnergyPrint, we establish this baseline and pull at least 12 months of energy history straight from your utility providers, so we can immediately start seeing the impact of any projects you start. Then, using the Cost Avoidance tool within our Utility Dashboard, we can see a consistent and credible illustration proving how much cost and consumption has been avoided.

EnergyPrint Weather Normalized Cost Avoidance

We can even take cost avoidance to the next level by incorporating weather normalization. This way you can see the avoided costs while taking the weather into account. No more “was this February colder than last?” questions left to obscure the results. Additionally, with more advanced cost avoidance, EnergyPrint can setup and adjust performance-based projects to specific parameters, so that whatever goals you have set for an energy project can be reflected in the cost and consumption that your building avoids.

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